Word: hamburg-american
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Died. Carl Joseph Wilhelm Cuno, 56, managing director of Hamburg-American Line; of heart attack from overwork; in Hamburg, where he was Rotary Club president. As German Chancellor for nine months (1922-23) Dr. Cuno deliberately inflated the mark in an effort to force a Reparations moratorium from the Allies. Succeeded as Chancellor by the late, great Dr. Gustav Stresemann, Dr. Cuno rebuilt the Hamburg-American Line (stripped by the Allies down to 4.000 tons in 1918) up to its present 1.087,175 tons...
Appointed. Captain Leopold Ziegen-bein, master of North German Lloyd's Bremen, as Commodore of the Fleet, succeeding the late Nicolaus Johnsen, Enropa's master (TIME, Dec. 19); Captain Paul Wiehr, master of Hamburg-American's Albert Ballin, as Commodore of the Fleet; Harold Spencer Jones. Cape of Good Hope Observatory's astronomer, as Britain's Astronomer Royal at the Greenwich Observatory; Orville Wright, "first man to fly a powered heavier-than-air craft" (see p. 19), as first Honorary Fellow of the Institute of Aeronautical Sciences; Newton Diehl Baker, as trustee of Ohio State...
...anchor, rust-streaked and dingy. Dwindling water-borne commerce has forced the great shipping lines to lay up ships, slash services, cooperate with traditional rivals in eliminating duplicate runs. When these economies failed to shore up crumbling merchant marines, pride and profit have dictated mergers. North German Lloyd and Hamburg-American signed a 50-year pact partitioning their North Atlantic trade. In his Fascist forge Benito Mussolini hammered three big Italian firms into the Italia Line, cocky owner of the new S. S. Rex and S. S. Conte di Savoia. Roosevelt-Dollar-Dawson interests combined to take over tottering...
...upon death of husband to estate appraised at about $100,000,000." In 1916 he resigned a Union Pacific vice-presidency to enter the shipbuilding field. Later he formed American Ship & Commerce Corp., an ambitious scheme for international trade. In 1926 the company sold most of its vessels to Hamburg-American and is still liquidating its shipbuilding and heavy machinery business. Mr. Harriman is a director also of American Hawaiian Steamship...
Cooperating Conference. Month ago Emil Lederer, resident U. S. director of Hamburg-American Line, was elected "tsar" of the North Atlantic Passenger Conference (TIME, May 9). Last week his regulating hand was seen when all lines announced a 5% upping of eastbound and round-trip tourist third rates and a 10% upping of eastbound and round-trip rates for regular third class. Westbound rates were increased but slightly. Originally all lines had intended a 10% reduction but Canadian Pacific cut 20% and several competitors followed. The 20% reduction made operations unprofitable...